2412 P2/10 USDCHF: waiting for a new bear signal on daily cahrt
Merry Xmas and Happy New Year to you all!
USDCHF has showed us a bear signal on 20th Dec,2018.
But it is now showing us a new bull signal ( ENGULFING PATTERN) on daily chart.
This signal could be a fake one as long as its moving beneath the channel or the upper line of the bollinger bands. And this is a reason why would us have a wide SL to prevent situation like this.
Once the short trade signal is confirmed, it will test 0.978 soon which could be the first target of a short trade.
Less is more!
USDCHF has showed us a bear signal on 20th Dec,2018.
But it is now showing us a new bull signal ( ENGULFING PATTERN) on daily chart.
This signal could be a fake one as long as its moving beneath the channel or the upper line of the bollinger bands. And this is a reason why would us have a wide SL to prevent situation like this.
Once the short trade signal is confirmed, it will test 0.978 soon which could be the first target of a short trade.
Less is more!
